SMART WAVES
ActiveSMART WAVES has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211k and a net result of €20k. Equity is growing by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-53
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 9.64 against 12.89 in 2024), and 10.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.7%
Return on assets
8.4%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
19 d late
2023
13 d late
2022
42 d early
2021
8 d late
2020
30 d late
2019
54 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€211k▲ 10.3%
2024 · €191k
2018: €-7k
2019: €15k
2020: €37k
2021: €67k
2022: €105k
2023: €145k
2024: €191k
2018 → 2025
Total assets
€235k▲ 13.7%
2024 · €207k
2018: €36k
2019: €21k
2020: €62k
2021: €99k
2022: €144k
2023: €177k
2024: €207k
2018 → 2025
Net result
€20k▼ 57.4%
2024 · €46k
2018: €-7k
2019: €21k
2020: €22k
2021: €30k
2022: €38k
2023: €40k
2024: €46k
2018 → 2025
Working capital
€209k▲ 12.5%
2024 · €186k
2018: €2k
2019: €-1k
2020: €34k
2021: €65k
2022: €100k
2023: €134k
2024: €186k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€105k▲ 56.7%€145k▲ 38.1%€191k▲ 31.8%€211k▲ 10.3%
Operating result€44k-€54k▲ 22.1%€56k▲ 3.9%€49k▼ 13.0%€40k▼ 17.7%
Net result€30k-€38k▲ 26.6%€40k▲ 5.3%€46k▲ 15.4%€20k▼ 57.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 18% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€1k▼ 70.6%
Current assets
€233k▲ 15.7%
Equity and liabilities €235k
Equity
€211k▲ 10.3%
Debt
€24k▲ 54.7%
The debt ratio rises from 7.6% to 10.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€43k▼
2024 · €54k
Cash flow
€22k▼
2024 · €52k
Solvency
89.7%▼
2024 · 92.4%
Current ratio
9.64▼
2024 · 12.89
Quick ratio
9.64▼
2024 · 12.89
Debt / equity
0.11▲
2024 · 0.08
ROE
9.3%▼
2024 · 24.1%
ROA
8.4%▼
2024 · 22.3%
Interest coverage
69.53▼
2024 · 134.25
Debt
€24k▲
2024 · €16k
Debt ≤ 1 year
€24k▲
2024 · €16k
Income taxes
€24k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€207k€235k▲
Fixed assets21/28€5k€1k▼
Tangible fixed assets22/27€5k€1k▼
Plant, machinery and equipment23€322€190▼
Furniture and vehicles24€5k€1k▼
Current assets29/58€202k€233k▲
Amounts receivable after more than one year29€190k€230k▲
Trade receivables290€190k€230k▲
Amounts receivable within one year40/41€9k€2k▼
Trade receivables40€8k€975▼
Other amounts receivable41€1k€859▼
Cash at bank and in hand54/58€1k€0▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€207k€235k▲
Equity10/15€191k€211k▲
Contributions10/11€19k€19k=
Reserves13€172k€192k▲
Distributable reserves133€172k€192k▲
Amounts payable17/49€16k€24k▲
Amounts payable within one year42/48€16k€24k▲
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€760€30▼
Suppliers440/4€760€30▼
Taxes, remuneration and social security45€15k€20k▲
Taxes450/3€12k€20k▲
Remuneration and social security454/9€3k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Other operating charges640/8€734€838▲
Gross operating margin9900€55k€43k▼
Operating profit (loss)9901€49k€40k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€405€613▲
Recurring financial charges65€405€613▲
Profit (loss) for the period before taxes9903€52k€44k▼
Income taxes67/77€6k€24k▲
Profit (loss) for the period9904€46k€20k▼
Profit (loss) for the period to be appropriated9905€46k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€20k▼
Transfer to equity691/2€46k€20k▼
To other reserves6921€46k€20k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €211k ▲10.3%
7 profitable years in a row build equity to €211k.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Highest result since 2018net €46k ▲15.4%
Net result €46k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 12.89
Current ratio from 5.15 to 12.89; short-term debt falls from €32k to €16k.
31-12
Financial
Equity above €150kEq €191k ▲31.8%
6 profitable years in a row build equity to €191k.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €105k ▲56.7%
4 profitable years in a row build equity to €105k.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.37
Current ratio from 0.95 to 2.37.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hemiksem · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koekoekweg 132620 HemiksemGround area
946 m²
Building footprint
53 m²
Volume, LiDAR
336 m³
Parcel 11018A0168/00H002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SMART WAVES
since 20112.200.515.076
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018A0168/00H002 | Flanders | 946 m² | 1 · 53 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 39,509 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-06-2011
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.